Realtors understand local housing problems better than anyone

Last week at the C.A.R. real estate summit, a Realtor gave a rousing speech about problems with the homeless. And while she acknowledged the need for compassion, she described the woes it creates for her community. She blasted local leadership for not …

Don’t blame baby boomers for surging home prices: Trulia

Baby boomers have no sway on the affordability of housing in major markets like San Francisco and New York City, according to a new study.

NAHB: Affordability Hits Lowest in 10 Years

Affordability has hit its lowest in 10 years, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunities Index (HOI) for the second quarter of 2018. Approximately 57 percent of homes sold in the second quarter were affordable based on income (the median, nationally, is $71,900), down from roughly 62 percent in the […]

The post NAHB: Affordability Hits Lowest in 10 Years appeared first on RISMedia.

Seattle crown jewel of WalletHub’s ‘Best Big Cities’ list

It’s the home of technology giants such as Microsoft and Amazon, so it’s no surprise Seattle nailed the top spot on WalletHub’s ‘Best Big Cities’ list.

The states where buyers can get the most bang for their buck

With home prices steadily rising, buyers are spending more for less space, and in some cases, they’re dropping nearly $1 million for fire-damaged or dilapidated homes in desirable locales. But, not all hope is lost, according to GoBankingRates latest h…

5 best cities for first-time homebuyers looking to save

In the current housing market, first-time homebuyers often get the short end of the stick — they’re more likely to be on the hunt for lower-priced starter homes, which have already been snatched up for use as single-family rentals or are occupied by homeowners unwilling to enter a volatile housing market.

Buyers will bear the brunt of rising homebuilding costs in 2018

Houzz today released its 2018 State of the Industry report, which reviews the 2017 performance for seven residential renovation and design business categories, including architects, homebuilders and interior designers and provides predictions for the y…

Why we can’t count on current homeowners to boost low inventory

Seventy-nine percent of homeowners told Bankrate they don’t plan to move in the next five years. Another 62 percent said they’ll never move from their current home …

Home prices rise again for 70th month in a row, no signs of stopping

Home prices across the country are continuing a rise akin to the 15 years leading up to the 2008 financial crisis, according to the latest S&P CoreLogic Case-Shiller National Home Price NSA Index.

Average earner would struggle to buy home on their own in 68% of counties: study

Attom Data Solutions released the results of its Q1 2018 U.S. Home Affordability Report, which showed that average wage earners ($57,009) could not afford a median priced home in 68 percent of U.S. counties (304 out of 446) …